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News
CAF to Provide US$9 Billion to Colombia for Projects Between 2026 and 2030
14+ min ago (679+ words) The new government that will be headed by Abelardo de la Espriella between 2026 and 2030 continues to gain support. The Development Bank of Latin America and the Caribbean (CAF) announced this Friday a US$9 billion financing framework for Colombia. The US…...
Colombia Has One of the World's Highest Corporate Tax Rates, OECD Says
12+ hour, 49+ min ago (385+ words) Colombia has one of the highest corporate tax rates in the world, according to the OECD’s Corporate Tax Statistics 2026 report. Companies operating in the country pay a statutory corporate income tax rate of 35%, placing Colombia alongside France, Malta, and Morocco…...
Insurance Companies Are Finally Making Money on Electric Vehicles Despite Higher Repair Costs
1+ week, 4+ day ago (410+ words) Swiss Re’s report, Electric Vehicle Insurability: Markets Maturing, argues that the rapid expansion of EVs is forcing insurers to refine their understanding of risk. The IEA projects that electric vehicles will make up the majority of new car sales in…...
Strong Growth for Colombia’s Banks in 2025
2+ week, 10+ hour ago (490+ words) Colombia’s banking sector regained its momentum during 2025 and once again consolidated itself as one of the main drivers of the national financial system and one of the fastest-growing economic sectors in the South American country. After a period marked by…...
Colombia’s Inflation Surged in June
2+ week, 2+ day ago (660+ words) Inflation in Colombia continued to rise during June and reached an annual rate of 6.14%, according to the National Administrative Department of Statistics (DANE). The result exceeded the forecasts of most analysts and pushed the indicator above the 6% threshold, a level…...
Colombia to Pursue Public Debt Refinancing in the US
2+ week, 4+ day ago (829+ words) Colombia’s President-Elect Abelardo de la Espriella will launch one of the first economic strategies of his incoming administration this week by sending a delegate to the United States to begin talks with international banks and multilateral organizations. The goal is…...
De la Espriella Sends His Finance Minister to Washington Over Colombia's Public Debt
3+ week, 1+ day ago (562+ words) More than a month before his inauguration, and just as the transition process with the government of President Gustavo Petro has begun, President-elect Abelardo de la Espriella has already assigned a mission to his designated Finance Minister, Miguel Gomez. The…...
Clash Over Tax Reforms in Colombia
3+ week, 1+ day ago (974+ words) Colombia is preparing for an unprecedented clash of tax reforms that will pit, within a matter of weeks, two opposing visions of how to address the growing public finance crisis. On July 20, when the new Congress elected in March is…...
Colombia Set for World’s Third-Largest Fiscal Deficit, The Economist Forecasts
3+ week, 2+ day ago (501+ words) Colombia is emerging as one of the economies with the largest imbalance in its public accounts in 2026. A forecast by The Economist Intelligence Unit places the country as having the third-highest fiscal deficit among 43 economies analyzed, an indicator that reflects…...
Colombia Raised Its Interest Rate by 0.75% for July
3+ week, 3+ day ago (458+ words) Colombia once again tightened its monetary policy and raised its benchmark interest rate by 0.75 percentage points, from 11.25% to 12%, effective for July, the central bank announced this afternoon. The decision confirms that the monetary authority continues to prioritize containing inflationary pressures,…...